In today’s session The Industrial Select Sector SPDR Fund (XLI) recorded an unusually high (596) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XLI decrease. With 596 contracts traded and 2274 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XLI161118P00058000 closed last at: $1.12 or 12.5% down. The stock decreased 0.84% or $0.49 on October 4, hitting $57.94. The Industrial Select Sector SPDR Fund (NYSEARCA:XLI) has risen 8.95% since March 2, 2016 and is uptrending. It has underperformed by 0.29% the S&P500.
Industrial Select Sector SPDR Fund seeks to provide investment results that correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index (the Index). The company has a market cap of $7.27 billion. The Index includes companies from the following industries, aerospace and defense; industrial conglomerates; machinery; road and rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction and engineering; trading companies and distributors; airlines, and building products. It has a 7.83 P/E ratio.
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